Registered Representatives in the United States take home an average $44K annually. Career length is the biggest factor affecting pay for this group, followed by the specific employer. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to a little more than half. For the most part, Registered Representatives enjoy their work and report high levels of job satisfaction. Men working as Registered Representatives who took the survey just slightly outnumber women at 52 percent. The information for this snapshot was generated by responses to the PayScale salary survey.

$29,799 - $62,501
(Median)
$30K
$44K
$63K
MEDIAN: $43,728
10%
50%
90%

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$11.89 - $25.32
(Median)
$12
$18
$25
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$29,799 - $62,501  
   
Bonus
$1,026 - $15,304  
Profit Sharing
$3,000  
Commission
$-0.50 - $34,905  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,215 - $70,795  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 66
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$11.89 - $25.32  
   
Overtime
$31.12  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$1,026 - $15,304  
   
Commission
$-0.50 - $34,905  
Profit Sharing
$3,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,215 - $70,795  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 27
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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Popular Employer Salaries for Registered Representative


Not only do salaries lack room to grow — pay ranges from $37K to just $62K — but Charles Schwab & Co., Inc. offers the lowest pay in town to boot, with a median paycheck of $42K.

Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Registered Representatives, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Relatively untried employees who have less than five years' experience make $44K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $54K. After working for 10 to 20 years, Registered Representatives make a median salary of $58K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $70K on average.

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Experience Affects Registered Representative Salaries

Late-Career
up arrow 52%

Experienced
up arrow 28%

Mid-Career
up arrow 18%

National Average
$46,000

Entry-Level
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
1%
1-4 years
66%
5-9 years
17%
10-19 years
11%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 63%
medical benefits
Vision: 54%
dental benefits
None: 19%
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